Consumer Confidence Data Pushes Stocks Up (HD, ATT)

Markets ended up for the fifth day in a row, in response to new data indicating that consumer confidence had increased in the month of September so far. In more negative news, the Federal Reserve revealed today that household net worth fell by nearly 1 percent, making it the first fall in a year. In corporate news, Home Depot (HD) led the Dow today with a stock price increase of over 1 percent. Meanwhile, AT&T (ATT) has begun rolling out its LTE wireless network, much later than some of its rivals.

Word on the Street

• Markets up after week-long rally.
• Home Depot (HD) was the top performer in the Dow today.
• Net wealth of households dropped for the first time this year.
• Unemployment rose in 26 states in August.
• Consumer sentiment has been up this month.
• AT&T (ATT) has begun rolling out its next generation LTE wireless service.

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